Civic Intelligence

Sherman County Economic Development Inc.

990 • Fiscal year 2024 • EIN 26-4618722

Oct 01, 2023 to Sep 30, 2024 • Filed on Dec 03, 2024

Organization ProfileWWW.SCEDINC.ORG
PO Box 428Loup City, NE 68853

(308) 745-5040

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.10x

Higher debt load relative to assets than 57% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

68th percentile

0.22x

Higher debt load relative to revenue than 68% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

95th percentile

70%

Higher net margin than 95% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

86th percentile

33%

Faster asset growth than 86% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

95th percentile

197%

Faster revenue growth than 95% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$1,629,110

Up $403,300 (+33%) from 2023

Net Assets

Up

$1,470,075

Up $596,635 (+68%) from 2023

Liabilities

Down

$159,035

Down $193,335 (-55%) from 2023

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin95th percentile

Revenue

Up

$720,675

Up $478,390 (+197%) from 2023

Expenses

Down

$214,318

Down $7,698 (-3.5%) from 2023

Net Income

Up

$506,357

Up $486,088 (+2398%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $118,543Net Assets 2010: $118,5432010Assets 2011: $135,442Net Assets 2011: $135,4422011Assets 2012: $197,293Liabilities 2012: $27,616Net Assets 2012: $169,6772012Assets 2013: $257,999Liabilities 2013: $36,586Net Assets 2013: $221,4132013Assets 2014: $247,965Liabilities 2014: $35,595Net Assets 2014: $212,3702014Assets 2015: $861,852Liabilities 2015: $346,075Net Assets 2015: $515,7772015Assets 2016: $950,260Liabilities 2016: $105,249Net Assets 2016: $845,0112016Assets 2017: $965,261Liabilities 2017: $92,349Net Assets 2017: $872,9122017Assets 2020: $898,129Liabilities 2020: $85,864Net Assets 2020: $812,2652020Assets 2021: $981,892Liabilities 2021: $214,157Net Assets 2021: $767,7352021Assets 2022: $1,455,026Liabilities 2022: $602,230Net Assets 2022: $852,7962022Assets 2023: $1,225,810Liabilities 2023: $352,370Net Assets 2023: $873,4402023Assets 2024: $1,629,110Liabilities 2024: $159,035Net Assets 2024: $1,470,0752024Assets 2025: $2,789,124Liabilities 2025: $103,659Net Assets 2025: $2,685,4652025

Highlighted filing

2024

Assets$1,629,110
Liabilities$159,035
Net Assets$1,470,075
Open 2024 Filing

Operations Trend

Revenue Growth95th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2010: $69,330Expenses 2010: $54,078Net Income 2010: $15,2522010Revenue 2011: $80,787Expenses 2011: $63,888Net Income 2011: $16,8992011Revenue 2012: $100,996Expenses 2012: $66,761Net Income 2012: $34,2352012Revenue 2013: $111,098Expenses 2013: $59,362Net Income 2013: $51,7362013Revenue 2014: $50,225Expenses 2014: $59,268Net Income 2014: -$9,0432014Revenue 2015: $347,820Expenses 2015: $64,413Net Income 2015: $283,4072015Revenue 2016: $393,379Expenses 2016: $64,145Net Income 2016: $329,2342016Revenue 2017: $205,258Expenses 2017: $175,348Net Income 2017: $29,9102017Revenue 2020: $118,975Expenses 2020: $148,181Net Income 2020: -$29,2062020Revenue 2021: $127,604Expenses 2021: $172,134Net Income 2021: -$44,5302021Revenue 2022: $267,410Expenses 2022: $182,349Net Income 2022: $85,0612022Revenue 2023: $242,285Expenses 2023: $222,016Net Income 2023: $20,2692023Revenue 2024: $720,675Expenses 2024: $214,318Net Income 2024: $506,3572024Revenue 2025: $1,462,814Expenses 2025: $248,230Net Income 2025: $1,214,5842025

Highlighted filing

2024

Revenue$720,675
Expenses$214,318
Net Income$506,357
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Dec 3, 2024
Return Version
2023v5.0
Gross Receipts
$720,675
Mission and Program Overview

Mission

To provide economic development opportunities within sherman county, nebraska in order to increase housing, business growth, and population.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$678,813$1,444,539▲ $765,726
Cash and Non-Interest-Bearing Accounts$123,110$133,043▲ $9,933
Intangible Assets-$49,722-
Total Assets$1,225,810$1,629,110▲ $403,300
Other Assets Total$423,887$1,806▼ $422,081
Liabilities
Other Liabilities$352,370$159,035▼ $193,335
Total Liabilities$352,370$159,035▼ $193,335
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$819,251$1,418,127▲ $598,876
Net Assets With Donor Restrictions$54,189$51,948▼ $2,241
Total Net Assets Fund Balance$873,440$1,470,075▲ $596,635
Total Liabilities and Net Assets / Fund Balance$1,225,810$1,629,110▲ $403,300

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,360,116$293,164$1,653,280
Land$84,423-$84,423
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Clayton SuckstorfPresident
Callie ChilewskiDirector
Mark KruegerDirector
Melissa KapustkaDirector
Samantha MccarvilleDirector
Tom BandurSecretary
Demi RodockerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$691,028
Program Service Revenue
$51,325
Investment Income
$1
Other Revenue
$-21,679
All Other Contributions
$8,000
Change in Net Assets
$506,357
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$146,311
Salaries, Compensation, and Employee Benefits$68,007
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$61,891--$61,891
Interest$44,000--$44,000
Depreciation Depletion$41,829--$41,829
Occupancy$33,196--$33,196
Insurance$6,819--$6,819
Payroll Taxes$6,116--$6,116
Fees for Services Other$5,172--$5,172
Fees for Services Accounting$2,245--$2,245
Travel$1,290--$1,290
Conferences and Meetings$1,185--$1,185
Office Expenses$1,071--$1,071
Other Expenses$377--$377
All Other Expenses$11--$11
Total Functional Expenses$214,318$0$0$214,318
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable-building$100,615
Payable to Sprouts$53,391
Rental Deposits$3,260
Payroll Liabilities$1,769
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 9

“Tom bandur 210 n 1st street loup city, ne 68853 clayton suckstorf 326 n street loup city, ne 68853 mark krueger 839 n 6th street loup city, ne 68853 demi rodocker 513 n 8th street loup city, ne 68853 samantha mccarville 80066 round barn ave north loup, ne 68859 melissa kapustka 47811 784th street rockville, ne 68871”

Form 990, Page 6, Part VI, Line 11B

“The board of directors and director reviews the tax return before filing.”

Form 990, Page 6, Part VI, Line 19

“Documents are available for the public to review at the business office.”

Filing and Contact Details

Filer

Filer Name
Sherman County Economic Development
EIN
26-4618722
Phone
3087455040
Address
PO BOX 428, LOUP CITY, NE 68853

Signing Officer

Name
Melissa Dush
Title
Director
Phone
3087450430
Signed
2024-12-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Clayton Suckstorf
Formed
2012
Legal Domicile
Ne
Voting Board Members
5
Independent Board Members
5
Employees
1
Volunteers
5

Preparer

Firm
Jennifer Smydra CPA LLC
Address
PO BOX 142, SAINT PAUL, NE 68873
Preparer
Jennifer Smydra CPA
Phone
3087507398
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“To provide economic development opportunities within sherman county, nebraska in order to increase housing, business growth, and population.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01360116
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0293164
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01653280
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0100615
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt153391
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23260
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31769
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTE PAYABLE-BUILDING
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYABLE TO SPROUTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2RENTAL DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01444539
IRS990ScheduleD/TotalLiabilityAmt0159035
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE ECONOMIC DEVELOPMENT OPPORTUNITIES WITHIN SHERMAN COUNTY, NEBRASKA IN ORDER TO INCREASE HOUSING, BUSINESS GROWTH, AND POPULATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TOM BANDUR 210 N 1ST STREET LOUP CITY, NE 68853 CLAYTON SUCKSTORF 326 N STREET LOUP CITY, NE 68853 MARK KRUEGER 839 N 6TH STREET LOUP CITY, NE 68853 DEMI RODOCKER 513 N 8TH STREET LOUP CITY, NE 68853 SAMANTHA MCCARVILLE 80066 ROUND BARN AVE NORTH LOUP, NE 68859 MELISSA KAPUSTKA 47811 784TH STREET ROCKVILLE, NE 68871
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS AND DIRECTOR REVIEWS THE TAX RETURN BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE FOR THE PUBLIC TO REVIEW AT THE BUSINESS OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01225810
IRS990/TotalAssetsEOYAmt01629110
IRS990/TotalAssetsGrp/BOYAmt01225810
IRS990/TotalAssetsGrp/EOYAmt01629110
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0691028
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0214318
IRS990/TotalFunctionalExpensesGrp/TotalAmt0214318
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0352370
IRS990/TotalLiabilitiesEOYAmt0159035
IRS990/TotalLiabilitiesGrp/BOYAmt0352370
IRS990/TotalLiabilitiesGrp/EOYAmt0159035
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0873440
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01470075
IRS990/TotalOtherProgSrvcExpenseAmt0214318
IRS990/TotalOtherProgSrvcRevenueAmt051325
IRS990/TotalProgramServiceExpensesAmt0214318
IRS990/TotalProgramServiceRevenueAmt051325
IRS990/TotalRevenueGrp/ExclusionAmt0-25152
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt054799
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0720675
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01225810
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01629110
IRS990/TravelGrp/ProgramServicesAmt01290
IRS990/TravelGrp/TotalAmt01290
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0326 N STREET
IRS990/USAddress/CityNm0LOUP CITY
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd068853
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.SCEDINC.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MELISSA DUSH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03087450430
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-12-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHERMAN COUNTY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0SHER
ReturnHeader/Filer/EIN0264618722
ReturnHeader/Filer/PhoneNum03087455040
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 428
ReturnHeader/Filer/USAddress/CityNm0LOUP CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NE
ReturnHeader/Filer/USAddress/ZIPCd068853
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0453590525
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JENNIFER SMYDRA CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 142
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAINT PAUL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd068873
ReturnHeader/PreparerPersonGrp/PhoneNum03087507398
ReturnHeader/PreparerPersonGrp/PreparationDt02024-12-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JENNIFER SMYDRA CPA
ReturnHeader/ReturnTs02024-12-04T16:43:04-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-10-01
ReturnHeader/TaxPeriodEndDt02024-09-30
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,629,110
Liabilities
$159,035
Net assets
$1,470,075
Revenue
$720,675
Expenses
$214,318
Net income
$506,357
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.79$0.10$2.69$1.46$0.25$1.21
2024Detailed filing. Detailed filing data is available for this year.$1.63$0.16$1.47$0.72$0.21$0.51
2023Detailed filing. Detailed filing data is available for this year.$1.23$0.35$0.87$0.24$0.22$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.46$0.60$0.85$0.27$0.18$0.09
2021Detailed filing. Detailed filing data is available for this year.$0.98$0.21$0.77$0.13$0.17$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.90$0.09$0.81$0.12$0.15$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.97$0.09$0.87$0.21$0.18$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.95$0.11$0.85$0.39$0.06$0.33
2015Detailed filing. Detailed filing data is available for this year.$0.86$0.35$0.52$0.35$0.06$0.28
2014Detailed filing. Detailed filing data is available for this year.$0.25$0.04$0.21$0.05$0.06$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.26$0.04$0.22$0.11$0.06$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.03$0.17$0.10$0.07$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.14$0.08$0.06$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.12$0.07$0.05$0.02